Dragonfly Energy’s (DFLI) Buy Rating Reiterated at Roth Capital

Dragonfly Energy (NASDAQ:DFLI)‘s stock had its “buy” rating reiterated by investment analysts at Roth Capital in a research report issued on Tuesday, Zacks.com reports. Roth Capital also issued estimates for Dragonfly Energy’s Q1 2024 earnings at ($0.16) EPS, Q2 2024 earnings at ($0.15) EPS, Q3 2024 earnings at ($0.13) EPS, Q4 2024 earnings at ($0.12) EPS, FY2024 earnings at ($0.56) EPS and FY2025 earnings at ($0.44) EPS.

Other equities analysts have also issued research reports about the company. Roth Mkm restated a “buy” rating and issued a $0.90 price target on shares of Dragonfly Energy in a research note on Tuesday. Chardan Capital reaffirmed a “buy” rating and set a $3.00 target price on shares of Dragonfly Energy in a research note on Tuesday.

Dragonfly Energy Stock Performance

DFLI opened at $0.62 on Tuesday. The company has a fifty day moving average of $0.52 and a two-hundred day moving average of $0.66. The stock has a market capitalization of $36.65 million, a price-to-earnings ratio of -2.28 and a beta of -0.53. Dragonfly Energy has a fifty-two week low of $0.43 and a fifty-two week high of $5.96.

Institutional Investors Weigh In On Dragonfly Energy

Several institutional investors have recently bought and sold shares of DFLI. Geode Capital Management LLC purchased a new stake in Dragonfly Energy during the 4th quarter valued at about $688,000. Barclays PLC acquired a new position in Dragonfly Energy during the fourth quarter worth $145,000. Charles Schwab Investment Management Inc. purchased a new stake in Dragonfly Energy in the 4th quarter valued at $514,000. State Street Corp grew its holdings in Dragonfly Energy by 234.9% in the 1st quarter. State Street Corp now owns 36,500 shares of the company’s stock valued at $110,000 after buying an additional 25,600 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Dragonfly Energy in the 2nd quarter worth $72,000. 8.19% of the stock is currently owned by institutional investors and hedge funds.

Dragonfly Energy Company Profile

Dragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for recreational vehicles, marine vessels, off-grid installations, and other storage applications. The company also provides lithium power systems, including solar panels, chargers and inverters, system monitoring, alternator regulators, and accessories.